BMC SOFTWARE
(BMC-NYSE):
Technical Viewpoint: From a low
of $17.35 on Jan 22, 2003 prices
rallied, reaching a
high of $19.19
on Jan 23, 2003. A
decline saw prices pull back, reaching a
low of
$17.10 on Feb 7, 2003.
Another rally saw prices penetrate
resistance, closing 2/12/03
at $18.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 12, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.25. Resistance: Is at $19.19.
Point & Figure: Reversed to the upside on Feb 10, 2003. A P&F upside
reversal takes place at $17.75. Summary: Technical indicators have turned bullish. BUY! BMC SOFTWARE
(BMC-NYSE) @ $18.63 Stop: Use a protective stop of $17.13.
BMC SOFTWARE is currently trading @ $18.60 plus $0.57 on Feb 12, 2003. Price Objective:
$27.50. Risk/Reward: $1.50 VS. $8.88. Today's Risk Reward Ratio: 6:1
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